Sort Code - History

History

Six-digit sort codes were introduced in a staggered process during the 1960s as the banking industry moved towards automation. Prior to this and to facilitate the manual processing of cheques branches were allocated a 'national code' which would comprise anything between three and five digits. These took the following form:

The bank itself would be allocated a main number; Lloyds Bank for example was allocated 3, National Provincial was allocated 5, Martins was allocated 11.

Main clearing branches (usually elite London branches) would bear only one digit after the main number, e.g. 11. Metropolitan branches (which covered Greater London) consisted of two digits after the main number, e.g. 11. Country branches made up the rest of the country, and bear three digits after the main number, e.g. 11. They were displayed on cheques in this fashion, with the bank identifier taking precedence.

To facilitate the move to a six-digit-structure the national codes were retained but where a single-digit was used to identify the bank a two-digit number was introduced, e.g. Barclays branches went from 2 to 20, Midland from 4 to 40, etc.

Read more about this topic:  Sort Code

Famous quotes containing the word history:

    Let us not underrate the value of a fact; it will one day flower in a truth. It is astonishing how few facts of importance are added in a century to the natural history of any animal. The natural history of man himself is still being gradually written.
    Henry David Thoreau (1817–1862)

    The principle that human nature, in its psychological aspects, is nothing more than a product of history and given social relations removes all barriers to coercion and manipulation by the powerful.
    Noam Chomsky (b. 1928)

    In history an additional result is commonly produced by human actions beyond that which they aim at and obtain—that which they immediately recognize and desire. They gratify their own interest; but something further is thereby accomplished, latent in the actions in question, though not present to their consciousness, and not included in their design.
    Georg Wilhelm Friedrich Hegel (1770–1831)